The U.S. House of Representatives passed Trump’s 'Big, Beautiful Bill' which could have major consequences for renewable industries like green hydrogen and EV batteries.
The bill seeks to phase out tax credits under the Inflation Reduction Act, potentially impacting projects in Louisiana, a leading hydrogen hub in the U.S.
Companies like Air Products, Clean Hydrogen Works, and CF Industries stand to lose federal tax credits, affecting their economic viability and expansion plans.
While the bill ends tax credits for certain clean energy technologies earlier than intended, it retains credits for carbon capture and sequestration, benefiting companies like CF Industries and Exxon Mobil.